About Tata Capital Financial Services Limited
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Tata Capital Financial Services Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Tata Capital Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 19 November 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67100MH2010PLC210201.
The company had an authorised share capital of ₹5,500 Cr and a paid-up capital of ₹1,754.4 Cr. It was led by directors including Rajiv Sabharwal (Whole-Time Director) and Malvika Sahni Sinha.
Its last annual general meeting (AGM) was held on 27 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 11th Floor Tower A Peninsula Business Park Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹7,938.86 Cr, a growth of 26.27% compared to the previous year.
The company had about 9,917 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Tata Capital Financial Service and Tata Capital. As per MCA filings, the company had satisfied charges of ₹33,788 Cr on record. Court records list 1,06,914 cases involving the company, including 1,04,731 filed by the company and 2,186 filed against it; 32,916 cases are pending. The company has 8 deals on record (4 funding rounds, 4 rights issues), with disclosed funding of ₹5,137.5 Cr; the latest was in June 2023. The company has 3 MSME Form 1 returns on record between 2020 and 2023, listing 88 overdue payments to 32 micro and small suppliers.
The last known website on record is tatacapital.com.
Company details
Contact details
Tata Capital Financial Services Limited's registered office is in Mumbai, Maharashtra. Its website is tatacapital.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address11th Floor Tower A Peninsula Business Park Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Financial Activities, Financial & Credit Leasing
To see the full contact details of Tata Capital Financial Services Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Tata Capital Financial Services operates two associated brands: Tata Capital Financial Service and Tata Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of financial services for business & personal loan borrowers | tatacapitalfinancialservice.com | |
| Diversified non-banking financial services are provided by Tata Capital. | tatacapital.com |
Business activity
Tata Capital Financial Services operates primarily in the financial and insurance service sector. 2 business activities are registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Financial and Credit leasing activities | |
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Tata Capital Financial Services Limited, buy the company report.
Financials of Tata Capital Financial Services Limited
FY 2023 filings availableTata Capital Financial Services Limited reported revenue of ₹7,938.86 Cr (up 26.27% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26.27% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
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| Other Income | |||||
| Total Revenue | ₹7,938.86 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
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| EBITDA Margin | |||||
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To see the full financial statements and ratios of Tata Capital Financial Services Limited, buy the company report.
Board of directors of Tata Capital Financial Services Limited
Tata Capital Financial Services has 5 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malvika Sahni Sinha Also directs: Tata Capital Housing Finance Limited, Mahanagar Gas Limited, Mahindra Logistics Limited and 3 more | Director | 31 Dec 2022 | 3 Years 10 Months | As last reported |
| Varsha Vasant Purandare Also directs: Tata Motors Limited, Kirloskar Pneumatic Company Limited, The Federal Bank Ltd and 5 more | Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Rajiv Sabharwal Also directs: Tata Capital Limited, Tata Asset Management Private Limited, Tata Securities Limited and 2 more | Whole-Time Director | 01 Apr 2018 | 8 Years 6 Months | As last reported |
| Farokh Nariman Subedar Also directs: Cummins India Limited, Climate Finance India Private Limited | Director | 26 Mar 2011 | 15 Years 7 Months | As last reported |
| Radhakrishnan Subramanian Vadalur Also directs: Zenope Partners LLP, Vedanta Iron and Steel Limited, Tube Investments of India Limited and 2 more | Director | 25 Apr 2023 | 3 Years 6 Months | As last reported |
Auditor
Tata Capital Financial Services Limited is audited by B S R & Co. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2021 | 101248W/W100022 |
Shareholding
The shareholding of Tata Capital Financial Services Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tata Capital Financial Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2020 | 100355780 | Others | ₹2,500 Cr | Satisfied | |
| 05 Dec 2017 | 100144722 | Others | ₹2,000 Cr | Satisfied | |
| 22 Jun 2017 | 100110435 | Others | ₹3,000 Cr | Satisfied | |
| 25 Nov 2016 | 100063785 | Others | ₹3,000 Cr | Satisfied | |
| 29 Sep 2016 | 100054631 | Others | ₹728 Cr | Satisfied |
To see the full charge records of Tata Capital Financial Services Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Tata Capital Financial Services Limited has 8 deals on record (4 funding rounds, 4 rights issues), with disclosed funding of ₹5,137.5 Cr; the latest was in June 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2023 | Rights issue | ₹800 Cr | Investors: Tata Capital Limited |
| Dec 2022 | Rights issue | ₹1,150 Cr | Investors: Tata Capital Limited |
| Mar 2022 | Rights issue | ₹300 Cr | Investors: Tata Capital Limited |
| Mar 2020 | Rights issue | ₹250 Cr | Investors: Tata Capital Limited |
| Dec 2017 | Funding round | ₹1,600 Cr | Investors: Tata Capital Limited |
To see the full deal history of Tata Capital Financial Services Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tata Capital Financial Services Limited has 1,06,914 court cases on record: 1,04,731 filed by Tata Capital Financial Services, 2,186 filed against it. 32,916 cases are pending and 73,998 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,01,415 | 1,272 | 32,370 |
| High courts | 5,285 | 758 | 494 |
| NCLAT | 87 | 84 | 43 |
| NCLT | 74 | 27 | 2 |
| Supreme Court | 53 | 45 | 7 |
Cases on record (5 of 1,06,914)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Phoenix Arc Pvt. Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR A) | Filed against the company by M/S.A.K.Power Industries Pvt Ltd by Its Authorised Reprensentative Debashish Kolay | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Modern Asset | Pending |
To see the full case history of Tata Capital Financial Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Tata Capital Financial Services Limited was last rated by Icra on 18 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Apr 2022 |
To see the full credit ratings and regulatory alerts of Tata Capital Financial Services Limited, buy the company report.
MSME payment delays
Tata Capital Financial Services Limited has 3 MSME Form 1 returns on record between 2020 and 2023, listing 88 overdue payments to 32 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 32)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| C.B. Finlease | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Tata Capital Financial Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tata Capital Financial Services has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Tata Capital Financial Services Limited has a workforce of 9,917 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Tata Capital Financial Services Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Tata Capital Financial Services Limited has 25 board changes on record since 2011: 5 appointments and 20 cessations. The latest: Radhakrishnan Subramanian Vadalur ceased to be Additional Director on 26 Jun 2023.
57 earlier events are in the company report.
News
Frequently asked questions
Tata Capital Financial Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Tata Capital Financial Services was a public limited company based in Mumbai, Maharashtra, India. The company worked in financial activities, within the financial services industry. It was incorporated on 19 November 2010 and is registered under CIN U67100MH2010PLC210201. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tata Capital Financial Services was incorporated on 19 November 2010. It is registered with the Registrar of Companies, Mumbai.
Tata Capital Financial Services had 5 directors:
- Rajiv Sabharwal - Whole-Time Director
- Malvika Sahni Sinha - Director
- Varsha Vasant Purandare - Director
- Farokh Nariman Subedar - Director
- Radhakrishnan Subramanian Vadalur - Director
The CIN (Corporate Identification Number) of Tata Capital Financial Services is U67100MH2010PLC210201. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Tata Capital Financial Services is at 11th Floor Tower A Peninsula Business Park Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
Tata Capital Financial Services can be reached through the website tatacapital.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Tata Capital Financial Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 June 2023. Year-wise statements from 2015 are in the company report.
Tata Capital Financial Services operated in the financial services industry, in the financial activities segment.
Tata Capital Financial Services has 8 deals on record (4 funding rounds, 4 rights issues), with disclosed funding of ₹5,137.5 Cr; the latest was in June 2023.
Tata Capital Financial Services has 3 MSME Form 1 returns on record between 2020 and 2023, listing 88 overdue payments to 32 micro and small suppliers. The latest return was filed on 31 Aug 2023.
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